Whale Moves 53M XRP, Price Nears Critical $2.00 Level
The Essentials at a Glance
- A whale transferred 53 million XRP worth around 118 million US dollars to Coinbase.
- The XRP price dropped by over 7% within a day to 2.04 US dollars.
- Traders are increasingly betting on falling prices – short positions between 1.96 and 2.26 US dollars dominate.
- A break below 2.00 US dollars could push XRP down to 1.74 US dollars.
- A breakout above 2.26 US dollars, on the other hand, could trigger a 22% price rally.
Large Transfer Causes Turmoil
In the past 24 hours, a massive XRP transaction was recorded: 53 million XRP moved from an unknown wallet to Coinbase. The equivalent value was about 118 million US dollars. Such transfers often indicate upcoming sales by large investors – so-called whales. Whether this is indeed a planned sale is currently unclear. However, the timing coincides with a significant price drop, fueling speculation about a wave of sales.
Market Structure Shows Weakness
XRP is currently testing the 200-day line (EMA = Exponential Moving Average) at 2.08 US dollars. This line is considered an important technical indicator. The price is just above the support level at 2.00 US dollars. If this area breaks, a decline to 1.74 US dollars is expected – a further drop of around 13%. Despite the 21% decline in recent days, the overall trend remains slightly positive. However, the structure is fragile.
Short Positions Dominate the Picture
According to data from CoinGlass, traders have built large short positions between 1.96 and 2.26 US dollars. Shorting means betting on falling prices. At 2.268 US dollars alone, short positions worth 91.66 million US dollars are open. Another 43.60 million US dollars in shorts are located at 1.962 US dollars. These zones act as resistance levels that XRP can only overcome with strong buying pressure.
Trading Volume Rises Significantly
Despite the price drop, trading volume increased by 75%. This shows that traders are active and expecting movement. Such a rise in volume during a consolidation phase can be an indication of an impending directional decision.
Decision Approaching: Breakout or Further Decline?
XRP is currently in a critical phase. The support zone around 2.00 US dollars is under pressure. If it holds and a breakout above 2.26 US dollars occurs, an increase to up to 2.60 US dollars is possible – a gain of around 22%. If this fails, a fallback to 1.74 US dollars threatens.
Our Assessment
The current situation with XRP is tense. The large transfer to Coinbase could be a precursor to sales. At the same time, the data shows that many traders are betting on further price declines. The technical situation is unstable but not clearly bearish yet. Keep an eye on the 2.00 US dollar mark – it will determine the next price impulse. Those who are invested or looking to enter should closely monitor short-term developments.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Africa Slots: Best African-Themed Slot Machines
Reading time: ~ 3 minutes
-
Gold Slots – Best Slot Machines With a Gold Theme
Reading time: ~ 3 minutes
-
Low Wagering Casino Bonuses 2025
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
Sources
- CoinGlass
- TradingView
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 2.19 |
| 24h % | 2.41 % |
| 7d % | 2.25 % |
| 30d % | -0.27 % |
| 60d % | 17.56 % |
| 1y % | 318.40 % |
| Official Links | Website |
| Socials | X |
Advertising transparency